“We reported another very good quarter, with adjusted net income per diluted share growth of 26%, and organic revenue growth of approximately 9% in the quarter, on a constant fuel price, currency, and spread basis,” said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. “We recently completed the sale of our Nextraq business, we announced the upsizing of our senior credit facility, and accelerated share repurchase (ASR) agreement.”

Financial Results for Second Quarter of 2017:

GAAP Results

Total revenues increased 29.5% to $541.2 million in the second quarter of 2017 compared to $417.9 million in the second quarter of 2016.

GAAP net incomeincreased 12.7% to $131.0 million in the second quarter of 2017 compared to $116.3 million2 in the second quarter of 2016.

GAAP net incomeper diluted share increased 13.9% to $1.39 in the second quarter of 2017 compared to $1.22 per diluted share2 in the second quarter of 2016.

Non-GAAP Results1

Adjusted revenues1 (revenues, net less merchant commissions) increased 29.1% to $510.6 million in the second quarter of 2017 compared to $395.6 million in the second quarter of 2016.

Adjusted net income1 increased 24.7% to $187.0 million in the second quarter of 2017 compared to $150.0 million2 in the second quarter of 2016.

Adjusted net income per diluted share1 increased 26% to $1.99 in the second quarter of 2017 compared to $1.57 per diluted share2 in the second quarter of 2016.

Fiscal-Year 2017 Outlook:

“We are raising our guidance to reflect our second quarter results compared to our expectations. We also are estimating that the impact of the sale of the Nextraq business, the acquisition of Cambridge, and impact of the ASR will have a neutral impact on our rest of year results, but will be cumulatively accretive on an annual basis.” said Eric Dey, chief financial officer, FLEETCOR Technologies, Inc.

For 2017, FLEETCOR Technologies, Inc. financial guidance is as follows:

Total revenues between $2,195 million and $2,245 million;

GAAP net income between $545 million and $565 million;

GAAP net income per diluted share between $5.80 and $6.00;

Adjusted net income1 between $775 million and $795 million; and

Adjusted net income per diluted share1 between $8.24 and $8.44.

FLEETCOR’s guidance assumptions for 2017 are as follows:

Weighted fuel prices equal to $2.43 per gallon average in the U.S. for those businesses sensitive to the movement in the retail price of fuel for 2017.

Market spreads returning to historical levels.

Foreign exchange rates as of June 30, 2017. A slight improvement from prior guidance.

SVS business is retained for 2017.

Interest expense of $108 million in 2017.

Fully diluted shares outstanding of 94 million shares. This assumes an approximate 600,000 share impact from the ASR for the balance of the year.

Full year tax rate of 29.2%.

The Nextraq business was sold on July 17, 2017 and is not included in the Company’s rest of year guidance. The impact of removing Nextraq is an approximate reduction of $0.08 in adjusted net income per diluted share. The Company estimates it will recognize a net gain on sale of Nextraq of approximately $90 million or $0.95 per diluted share, which is not included in guidance.

The Company assumes that the Cambridge Global Payments acquisition will close by September 1, and is included in guidance. The impact of the Cambridge acquisition in the Company’s second half guidance is approximately $0.04 to $0.05 in adjusted net income per diluted share, net of deal related expenses.3

No impact related to acquisitions or material new partnership agreements not already disclosed.

The Company’s volumes build throughout the year and new asset initiatives gain momentum throughout the year resulting in higher earnings per share in the third and fourth quarters. For the third quarter, the Company is expecting adjusted net income per diluted share to be in the range of $2.09 to $2.16.

_________________________________________

1 Reconciliations of GAAP results to non-GAAP results are provided in Exhibit 1 attached. Additional supplemental data is provided in Exhibit 2-3 and 5-6, and segment information is provided in Exhibit 4. A reconciliation of GAAP guidance to non-GAAP guidance is provided in Exhibit 7.

2 Reflects the impact of the Company’s adoption of Accounting Standard’s Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences. See Exhibit 6 for a reconciliation to previously issued results.

3 There can be no assurance that the Cambridge acquisition will close on September 1. The actual 2017 impact will depend on the actual date of closing.

Conference Call

The Company will host a conference call to discuss second quarter 2017 financial results today at 5:00pm ET. Hosting the call will be Ron Clarke, chief executive officer, and Eric Dey, chief financial officer. The conference call can be accessed live over the phone by dialing (877) 407-0784, or for international callers (201) 689-8560. A replay will be available one hour after the call and can be accessed by dialing (844)512-2921 or (412) 317-6671 for international callers; the conference ID is 13667017. The replay will be available until August 10, 2017. The call will be webcast live from the Company's investor relations website at investor.fleetcor.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about FLEETCOR's beliefs, expectations and future performance, are forward-looking statements. Forward-looking statements can be identified by the use of words such as "anticipate," "intend," "believe," "estimate," "plan," "seek," "project," "expect," "may," "will," "would," "could" or "should," the negative of these terms or other comparable terminology. Examples of forward-looking statements in this press release include statements relating to macro- economic conditions and estimated impact of these conditions on our operations and financial results, expected timing of acquisitions and dispositions, revenue and earnings guidance and assumptions underlying financial guidance. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement, such as fuel price and spread volatility; the impact of foreign exchange rates on operations, revenue and income; the effects of general economic conditions on fueling patterns and the commercial activity of fleets; changes in credit risk of customers and associated losses; the actions of regulators relating to payment cards or resulting from investigations; failure to maintain or renew key business relationships; failure to maintain competitive offerings; failure to maintain or renew sources of financing; failure to complete, or delays in completing, anticipated new customer arrangements or acquisitions and the failure to successfully integrate or otherwise achieve anticipated benefits from such customer arrangements or acquired businesses; failure to successfully expand business internationally, risks related to litigation, our ability to complete an accelerated share repurchase, as well as the other risks and uncertainties identified under the caption "Risk Factors" in FLEETCOR's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commissionon March 1, 2017. FLEETCOR believes these forward-looking statements are reasonable; however, forward-looking statements are not a guarantee of performance, and undue reliance should not be placed on such statements. The forward-looking statements included in this press release are made only as of the date hereof, and FLEETCOR does not undertake, and specifically disclaims, any obligation to update any such statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments.

About Non-GAAP Financial Measures

Adjusted revenue is calculated as revenues less merchant commissions. Adjusted net income is calculated as net income, adjusted to eliminate (a) non-cash stock based compensation expense related to share based compensation awards, (b) amortization of deferred financing costs, discounts and intangible assets, (c) amortization of the premium recognized on the purchase of receivables, (d) our proportionate share of amortization of intangible assets at our equity method investment, (e) a non-recurring net gain at our equity method investment and (f) impairment of our equity method investment. The Company uses adjusted revenue as a basis to evaluate the Company’s revenues, net of the commissions that are paid to merchants to participate in our card programs. The commissions paid to merchants can vary when market spreads fluctuate in much the same way as revenues are impacted when market spreads fluctuate. The Company believes this is a more effective way to evaluate the Company’s revenue performance. We prepare adjusted net income to eliminate the effect of items that we do not consider indicative of our core operating performance. Adjusted revenues and adjusted net income are supplemental measures of operating performance that do not represent and should not be considered as an alternative to revenues, net income or cash flow from operations, as determined by U.S. generally accepted accounting principles, or U.S. GAAP, and our calculation thereof may not be comparable to that reported by other companies. We believe it is useful to exclude non-cash stock based compensation expense from adjusted net income because non-cash equity grants made at a certain price and point in time do not necessarily reflect how our business is performing at any particular time and stock based compensation expense is not a key measure of our core operating performance. We also believe that amortization expense can vary substantially from company to company and from period to period depending upon their financing and accounting methods, the fair value and average expected life of their acquired intangible assets, their capital structures and the method by which their assets were acquired; therefore, we have excluded amortization expense from our adjusted net income. We also believe one-time non-recurring gains and impairment charges do not necessarily reflect how our equity method investment and business is performing. Reconciliations of GAAP results to non-GAAP results are provided in the attached exhibit 1. A reconciliation of GAAP to non-GAAP product revenue organic growth calculation is provided in the attached exhibit 5. A reconciliation of the impact of the adoption of ASU 2016-09 to GAAP and non-GAAP results is provided in the attached exhibit 6. A reconciliation of GAAP to non-GAAP guidance is provided in the attached exhibit 7.

Management uses adjusted revenues and adjusted net income:

as measurements of operating performance because they assist us in comparing our operating performance on a consistent basis;

for planning purposes, including the preparation of our internal annual operating budget;

to allocate resources to enhance the financial performance of our business; and

to evaluate the performance and effectiveness of our operational strategies.

We believe adjusted revenues, adjusted net income, and adjusted net income per diluted share are key measures used by the Company and investors as supplemental measures to evaluate the overall operating performance of companies in our industry. By providing these non-GAAP financial measures, together with reconciliations, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing strategic initiatives.

About FLEETCOR

FLEETCOR Technologies (NYSE: FLT) is a leading global provider of commercial payment solutions. The Company helps businesses of all sizes better control, simplify and secure payment of their fuel, toll, lodging and other general payables. With its proprietary payment acceptance networks, FLEETCORprovides affiliated merchants with incremental sales and loyalty. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Australasia. For more information, please visit www.FLEETCOR.com.

FleetCor Technologies, Inc. and Subsidiaries

Unaudited Consolidated Statements of Income

(In thousands, except per share amounts)

Three Months Ended June 30,

Six Months Ended June 30,

2017

20161

2017

20161

Revenues, net

$

541,237

$

417,905

$

1,061,670

$

832,167

Expenses:

Merchant commissions

30,619

22,308

55,003

50,541

Processing

103,322

80,691

205,146

160,505

Selling

38,957

31,947

77,794

58,500

General and administrative

87,569

63,586

183,003

131,180

Depreciation and amortization

64,709

48,436

129,575

84,764

Other operating, net

18

(231

)

38

(446

)

Operating income

216,043

171,168

411,111

347,123

Equity method investment loss (income)

2,354

(7,184

)

4,731

(4,991

)

Other (income) expense, net

(551

)

104

1,645

763

Interest expense, net

23,851

15,900

46,978

32,091

Total other expense

25,654

8,820

53,354

27,863

Income before income taxes

190,389

162,348

357,757

319,260

Provision for income taxes

59,402

46,095

103,077

91,917

Net income

$

130,987

$

116,253

$

254,680

$

227,343

Basic earnings per share

$

1.42

$

1.25

$

2.77

$

2.46

Diluted earnings per share

$

1.39

$

1.22

$

2.70

$

2.39

Weighted average shares outstanding:

Basic shares

92,013

92,665

92,060

92,591

Diluted shares

94,223

95,279

94,392

95,137

1

Reflects the impact of the Company's adoption of Accounting Standards Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences. See Exhibit 6 for a reconciliation to previously issued results.

FleetCor Technologies, Inc. and Subsidiaries

Consolidated Balance Sheets

(In thousands, except share and par value amounts)

June 30, 2017

December 31, 2016

(Unaudited)

Assets

Current assets:

Cash and cash equivalents

$

564,578

$

475,018

Restricted cash

201,039

168,752

Accounts and other receivables (less allowance for doubtful accounts of $47,836 at
June 30, 2017 and $32,506 at December 31, 2016)

Less treasury stock, 29,834,189 shares at June 30, 2017 and 29,423,022 shares at December 31, 2016

(594,887

)

(542,495

)

Total stockholders’ equity

3,405,500

3,084,038

Total liabilities and stockholders’ equity

$

10,101,711

$

9,626,732

FleetCor Technologies, Inc. and Subsidiaries

Unaudited Consolidated Statements of Cash Flows

(In thousands)

Six Months Ended June 30,

2017

20161

Operating activities

Net income

$

254,680

$

227,343

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

21,593

16,311

Stock-based compensation

44,243

32,620

Provision for losses on accounts receivable

27,648

13,729

Amortization of deferred financing costs and discounts

3,800

3,651

Amortization of intangible assets

104,894

66,114

Amortization of premium on receivables

3,088

2,339

Deferred income taxes

(32,660

)

(9,248

)

Equity method investment loss (income)

4,731

(4,991

)

Other non-cash operating income

-

(446

)

Changes in operating assets and liabilities (net of acquisitions):

Restricted cash

(28,739

)

13,555

Accounts and other receivables

(380,196

)

(392,545

)

Prepaid expenses and other current assets

(18,778

)

(4,636

)

Other assets

(15,050

)

(9,362

)

Accounts payable, accrued expenses and customer deposits

189,750

257,608

Net cash provided by operating activities

179,004

212,042

Investing activities

Acquisitions, net of cash acquired

(3,580

)

(5,299

)

Purchases of property and equipment

(32,600

)

(24,757

)

Other

(6,327

)

(7,868

)

Net cash used in investing activities

(42,507

)

(37,924

)

Financing activities

Proceeds from issuance of common stock

16,432

7,964

Repurchase of common stock

(52,393

)

(26,037

)

Borrowings on securitization facility, net

150,000

99,000

Principal payments on notes payable

(66,725

)

(51,750

)

Borrowings from revolver- A Facility

90,000

140,000

Payments on revolver- A Facility

(215,901

)

(290,000

)

Borrowings on swing line of credit, net

10,245

–

Other

537

(666

)

Net cash used in financing activities

(67,805

)

(121,489

)

Effect of foreign currency exchange rates on cash

20,868

(6,696

)

Net increase in cash and cash equivalents

89,560

45,933

Cash and cash equivalents, beginning of period

475,018

447,152

Cash and cash equivalents, end of period

$

564,578

$

493,085

Supplemental cash flow information

Cash paid for interest

$

68,431

$

30,361

Cash paid for income taxes

$

188,157

$

64,345

1

Reflects the impact of the Company's adoption of Accounting Standards Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences. See Exhibit 6 for a reconciliation to previously issued results.

Exhibit 1

RECONCILIATION OF NON-GAAP MEASURES

(In thousands, except per share amounts)

(Unaudited)

The following table reconciles revenues, net to adjusted revenues:

Three Months Ended June 30,

Six Months Ended June 30,

2017

2016

2017

2016

Revenues, net

$

541,237

$

417,905

$

1,061,670

$

832,167

Merchant commissions

30,619

22,308

55,003

50,541

Total adjusted revenues

$

510,618

$

395,597

$

1,006,667

$

781,626

The following table reconciles net income to adjusted net income and adjusted net income per diluted share:*

Three Months Ended June 30,

Six Months Ended June 30,

2017

20161

2017

20161

Net income

$

130,987

$

116,253

$

254,680

$

227,343

Stock based compensation

21,150

17,434

44,243

32,620

Amortization of intangible assets

52,240

38,752

104,894

66,114

Amortization of premium on receivables

1,544

1,349

3,088

2,339

Amortization of deferred financing costs and discounts

1,886

1,829

3,800

3,651

Amortization of intangibles at equity method investment

2,917

2,824

5,376

5,127

Non recurring net gain at equity method investment

-

(10,845

)

-

(10,845

)

Total pre-tax adjustments

79,737

51,343

161,401

99,006

Income tax impact of pre-tax adjustments at the effective tax rate2

(23,675

)

(17,635

)

(44,055

)

(30,699

)

Adjusted net income

$

187,049

$

149,960

$

372,026

$

295,650

Adjusted net income per diluted share

$

1.99

$

1.57

$

3.94

$

3.11

Diluted shares

94,223

95,279

94,392

95,137

* Columns may not calculate due to impact of rounding.

1 Reflects the impact of the Company's adoption of Accounting Standards Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences. See Exhibit 6 for a reconciliation to previously issued results.

2 Excludes the results of our equity method investment on our effective tax rate, as results from our equity method investment are reported within the Consolidated Income Statements on a post-tax basis and no tax-over-book outside basis differences related to our equity method investment reversed during 2016 or are expected to reverse in 2017.

Exhibit 2

Transaction Volume and Revenues Per Transaction by Segment and by Product Category, on a GAAP Basis and Pro Forma and Macro Adjusted

(In millions except revenues, net per transaction)

(Unaudited)

The following table presents revenue and revenue per transaction, by segment.*

As Reported

Three Months Ended June 30,

Six Months Ended June 30,

2017

2016

Change

% Change

2017

2016

Change

% Change

NORTH AMERICA

- Transactions

430.7

411.6

19.1

5

%

904.7

846.1

58.6

7

%

- Revenues, net per transaction

$

0.80

$

0.73

$

0.06

9

%

$

0.74

$

0.71

$

0.03

4

%

- Revenues, net

$

343.0

$

301.1

$

41.9

14

%

$

672.9

$

604.7

$

68.3

11

%

INTERNATIONAL

- Transactions

271.3

53.4

217.9

408

%

542.2

106.0

436.3

412

%

- Revenues, net per transaction

$

0.73

$

2.19

$

(1.46

)

(67

%)

$

0.72

$

2.15

$

(1.43

)

(67

%)

- Revenues, net

$

198.2

$

116.8

$

81.5

70

%

$

388.7

$

227.5

$

161.2

71

%

FLEETCOR CONSOLIDATED REVENUES

- Transactions

702.0

465.0

237.0

51

%

1,446.9

952.0

494.9

52

%

- Revenues, net per transaction

$

0.77

$

0.90

$

(0.13

)

(14

%)

$

0.73

$

0.87

$

(0.14

)

(16

%)

- Revenues, net

$

541.2

$

417.9

$

123.3

30

%

$

1,061.7

$

832.2

$

229.5

28

%

The following table presents revenue and revenue per transaction, by product category.*

As Reported

Pro Forma and Macro Adjusted2

Three Months Ended June 30,

Three Months Ended June 30,

2017

2016

Change

% Change

2017

2016

Change

% Change

FUEL CARDS

- Transactions

117.3

108.1

9.1

8

%

117.3

111.3

5.9

5

%

- Revenues, net per transaction

$

2.37

$

2.23

$

0.15

7

%

$

2.24

$

2.18

$

0.06

3

%

- Revenues, net

$

278.2

$

240.7

$

37.5

16

%

$

263.0

$

242.9

$

20.0

8

%

CORPORATE PAYMENTS

- Transactions

10.4

9.9

0.5

5

%

10.4

9.9

0.5

5

%

- Revenues, net per transaction

$

4.85

$

4.54

$

0.31

7

%

$

4.84

$

4.54

$

0.30

7

%

- Revenues, net

$

50.2

$

44.8

$

5.4

12

%

$

50.1

$

44.8

$

5.3

12

%

TOLLS

- Transactions

222.5

9.6

212.9

2211

%

222.5

223.6

(1.0

)

(0

%)

- Revenues, net per transaction

$

0.34

$

0.25

$

0.09

37

%

$

0.31

$

0.27

$

0.04

14

%

- Revenues, net

$

76.0

$

2.4

$

73.6

3063

%

$

69.6

$

61.3

$

8.3

13

%

LODGING

- Transactions

3.4

3.3

0.1

2

%

3.4

3.3

0.1

2

%

- Revenues, net per transaction

$

8.57

$

7.50

$

1.06

14

%

$

8.57

$

7.50

$

1.06

14

%

- Revenues, net

$

29.0

$

24.9

$

4.1

16

%

$

29.0

$

24.9

$

4.1

16

%

GIFT

- Transactions

328.3

312.8

15.5

5

%

328.3

312.8

15.5

5

%

- Revenues, net per transaction

$

0.13

$

0.12

$

0.01

5

%

$

0.13

$

0.12

$

0.01

5

%

- Revenues, net

$

41.3

$

37.4

$

3.9

11

%

$

41.3

$

37.4

$

3.9

11

%

OTHER1

- Transactions

20.1

21.3

(1.1

)

(5

%)

20.1

21.3

(1.1

)

(5

%)

- Revenues, net per transaction

$

3.31

$

3.18

$

0.12

4

%

$

3.34

$

3.18

$

0.16

5

%

- Revenues, net

$

66.6

$

67.7

$

(1.1

)

(2

%)

$

67.3

$

67.7

$

(0.4

)

(1

%)

FLEETCOR CONSOLIDATED REVENUES

- Transactions

702.0

465.0

237.0

51

%

702.0

682.2

19.9

3

%

- Revenues, net per transaction

$

0.77

$

0.90

$

(0.13

)

(14

%)

$

0.74

$

0.70

$

0.04

6

%

- Revenues, net

$

541.2

$

417.9

$

123.3

30

%

$

520.2

$

479.1

$

41.1

9

%

* Columns may not calculate due to impact of rounding.

1 Other includes telematics, maintenance, food, and transportation related businesses.

2 See Exhibit 5 for a reconciliation of pro forma and macro adjusted revenue by product, non-GAAP measures, to the GAAP equivalent.

4 Interchange revenue directly influenced by the absolute price of fuel and other interchange related to fuel products.

5 Interchange revenue related to nonfuel products.

6 Revenue derived from the difference between the price charged to a fleet customer for a transaction and the price paid to the merchant for the same transaction.

7 Revenue derived primarily from the sale of equipment, software and related maintenance to merchants.

8Amounts shown for the six months ended June 30, 2017 and 2016 reflect immaterial corrections in estimated allocation of revenue by product and sources of revenue from previously disclosed amounts for the prior period.

* We may not be able to precisely calculate revenue by source, as certain estimates were made in these allocations. Columns may not calculate due to impact of rounding. This table reflects how management views the sources of revenue and may not be consistent with prior disclosure.

Exhibit 4

Segment Results

(In thousands)

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2017

2016

2017

2016

Revenues, net:

North America

$

342,995

$

301,126

$

672,943

$

604,674

International

198,242

116,779

388,727

227,493

$

541,237

$

417,905

$

1,061,670

$

832,167

Operating income:

North America

$

134,926

$

117,611

$

255,898

$

231,461

International

81,117

53,557

155,213

115,662

$

216,043

$

171,168

$

411,111

$

347,123

Depreciation and amortization:

North America

$

33,384

$

32,180

$

66,561

$

63,612

International

31,325

16,256

63,014

21,152

$

64,709

$

48,436

$

129,575

$

84,764

Capital expenditures:

North America

$

12,102

$

8,579

$

21,734

$

16,521

International

5,702

4,439

10,866

8,236

$

17,804

$

13,018

$

32,600

$

24,757

Exhibit 5

Reconciliation of Non-GAAP Revenue and Transactions by Product to GAAP*

(In millions)

(Unaudited)

Revenue

Transactions

Three Months Ended June 30,

Three Months Ended June 30,

2017

2016

2017

2016

FUEL CARDS

Pro forma and macro adjusted2,3

$

263.0

$

242.9

117.3

111.3

Impact of acquisitions/dispositions

-

(2.3

)

-

(3.2

)

Impact of fuel prices/spread

19.5

-

-

-

Impact of foreign exchange rates

(4.3

)

-

-

-

As reported

$

278.2

$

240.7

117.3

108.1

CORPORATE PAYMENTS

Pro forma and macro adjusted2,3

$

50.1

$

44.8

10.4

9.9

Impact of acquisitions/dispositions

-

-

-

-

Impact of fuel prices/spread

0.1

-

-

-

Impact of foreign exchange rates

-

-

-

-

As reported

$

50.2

$

44.8

10.4

9.9

TOLLS

Pro forma and macro adjusted2,3

$

69.6

$

61.3

222.5

223.6

Impact of acquisitions/dispositions

-

(58.9

)

-

(213.9

)

Impact of fuel prices/spread

-

-

-

-

Impact of foreign exchange rates

6.4

-

-

-

As reported

$

76.0

$

2.4

222.5

9.6

LODGING

Pro forma and macro adjusted2,3

$

29.0

$

24.9

3.4

3.3

Impact of acquisitions/dispositions

-

-

-

-

Impact of fuel prices/spread

-

-

-

-

Impact of foreign exchange rates

-

-

-

-

As reported

$

29.0

$

24.9

3.4

3.3

GIFT

Pro forma and macro adjusted2,3

$

41.3

$

37.4

328.3

312.8

Impact of acquisitions/dispositions

-

-

-

-

Impact of fuel prices/spread

-

-

-

-

Impact of foreign exchange rates

-

-

-

-

As reported

$

41.3

$

37.4

328.3

312.8

OTHER1

Pro forma and macro adjusted2,3

$

67.3

$

67.7

20.1

21.3

Impact of acquisitions/dispositions

-

-

-

-

Impact of fuel prices/spread

-

-

-

-

Impact of foreign exchange rates

(0.7

)

-

-

-

As reported

$

66.6

$

67.7

20.1

21.3

FLEETCOR CONSOLIDATED REVENUES

Pro forma and macro adjusted2,3

$

520.2

$

479.1

702.0

682.2

Impact of acquisitions/dispositions

-

(61.2

)

-

(217.1

)

Impact of fuel prices/spread

19.7

-

-

-

Impact of foreign exchange rates

1.4

-

-

-

As reported

$

541.2

$

417.9

702.0

465.0

* Columns may not calculate due to impact of rounding.

1 Other includes telematics, maintenance, food, and transportation related businesses.

2 2016 is pro forma to include acquisitions and exclude dispositions, consistent with 2017 ownership.

3 2017 is adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates.

Exhibit 6

Reconciliation of the Impact of the Company's Adoption of Accounting Standards Update 2016-09

(In thousands, except per share amounts)

(Unaudited)

The following table reconciles the impact of retrospectively applying ASU 2016-09 to the previously issued consolidated statements of
income for the three and six month periods ended June 30, 2016:*

Three Months Ended June 30, 2016

Six Months Ended June 30, 2016

As PreviouslyReported

Adjustments

As Recast1

As PreviouslyReported

Adjustments

As Recast1

Income before income taxes

$

162,348

$

-

$

162,348

$

319,260

$

-

$

319,260

Provision for income taxes

48,163

(2,068

)

46,095

95,103

(3,186

)

91,917

Net income

$

114,185

$

2,068

$

116,253

$

224,157

$

3,186

$

227,343

Earnings per share:

Basic earnings per share

$

1.23

$

0.02

$

1.25

$

2.42

$

0.04

$

2.46

Diluted earnings per share

$

1.21

$

0.01

$

1.22

$

2.37

$

0.02

$

2.39

Weighted average common shares outstanding:

Basic

92,665

-

92,665

92,591

-

92,591

Diluted

94,549

729

95,279

94,437

700

95,137

The following table reconciles the impact of retrospectively applying ASU 2016-09 to the previously disclosed calculation of adjusted net income and
adjusted net income per diluted share for the three and six month periods ended June 30, 2016:*

Three Months Ended June 30, 2016

Six Months Ended June 30, 2016

As PreviouslyReported

Adjustments

As Recast1

As PreviouslyReported

Adjustments

As Recast1

Adjusted net income and adjusted net income per diluted share:

Net Income

$

114,185

$

2,068

$

116,253

$

224,157

$

3,186

$

227,343

Total pre-tax adjustments

51,343

-

51,343

99,006

-

99,006

Income tax impact of pre-tax adjustments at the effective tax rate2

(18,427

)

791

(17,635

)

(31,809

)

1,110

(30,699

)

Adjusted net income

$

147,101

$

2,859

$

149,960

$

291,354

$

4,296

$

295,650

Adjusted net income per diluted share

$

1.56

$

0.01

$

1.57

$

3.09

$

0.02

$

3.11

Diluted shares

94,549

729

95,279

94,437

700

95,137

The following table reconciles the impact of retrospectively applying ASU 2016-09 to the consolidated statement of cash flows for the six months ended June 30, 2016:*

Six Months Ended June 30, 2016

As PreviouslyReported

Adjustments

As Recast1

Net cash provided by operating activities

$

208,856

$

3,186

$

212,042

Net cash used in investing activities

(37,924

)

-

(37,924

)

Net cash used in financing activities

(118,303

)

(3,186

)

(121,489

)

Effect of foreign currency exchange rates on cash

(6,696

)

-

(6,696

)

Net increase in cash

$

45,933

$

-

$

45,933

* Columns may not calculate due to impact of rounding.

1 Reflects the impact of the Company's adoption of Accounting Standards Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences.

2 Excludes the results of our equity method investment on our effective tax rate, as results from our equity method investment are reported within the Consolidated Income Statements on a post-tax basis and no tax-over-book outside basis differences related to our equity method investment reversed during 2016 or are expected to reverse in 2017.

Exhibit 7

RECONCILIATION OF NON-GAAP GUIDANCE MEASURES

(In millions, except per share amounts)

(Unaudited)

The following table reconciles 2017 financial guidance for net income to adjusted net income and adjusted net income per diluted share, at both ends of the range:

** Excludes the results of our equity method investment on our effective tax rate, as results from our equity method investment are reported
within the Consolidated Income Statements on a post-tax basis and no tax-over-book outside basis differences related to our equity method investment are expected to reverse during 2017.

McDonald's customers in Brazil who use the drive-thru will have a more convenient payment option from now on. Through a new agreement with FLEETCOR, Sem Parar will be accepted at drive-thru windows to easily pay for meals with their voice, making for a convenient and pleasant experience.

PEACHTREE CORNERS, GA – October 25, 2018 – FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of commercial payment solutions, announced today two new agreements that expand its relationship with LeasePlan USA, one of the world’s leading fleet management and driver mobility companies.

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of commercial payments solutions, announced today that the Company signed a contract with Estapar, Brazil’s leading parking facilities operator, to install STP’s electronic payment system in approximately 600 new parking lot locations. Estapar will begin accepting FLEETCOR’s RFID-enabled payments at many of its parking locations around the country.

PEACHTREE CORNERS, Ga.--(BUSINESS WIRE)--Apr. 5, 2018-- FLEETCOR Technologies, Inc.(NYSE:FLT), a leading global provider of commercial payment solutions, announced today that it has entered into a partnership with Motus, a leader in mobile workforce reimbursement solutions.

PEACHTREE CORNERS, Ga.--(BUSINESS WIRE)--Jan. 18, 2018-- FLEETCOR Technologies, Inc.(NYSE:FLT), a leading global provider of commercial payment solutions, today announced it has named Jim Eglseder as its new head of investor relations. He will report to Eric Dey, FLEETCOR’s chief financial officer.

NORCROSS, Ga.--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced today that it has completed a minority investment in Qui! Group, an Italian-based provider of food voucher and card solutions.

NORCROSS, Ga.--(BUSINESS WIRE)--Aug. 3, 2017-- FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of commercial payment solutions, announced today the successful upsizing of its senior secured credit facilities of approximately $709 million and extension of the credit facilities as well.

NORCROSS, Ga.--(BUSINESS WIRE)--May 1, 2017-- FLEETCOR Technologies, Inc. (NYSE:FLT), today announced that it has rescheduled the release of its first quarter 2017 results and conference call to today, May 1, 2017.

NORCROSS, Ga.--(BUSINESS WIRE)--Jul. 20, 2017-- FLEETCOR Technologies, Inc. (NYSE:FLT), today announced that the Company will host a conference call to discuss second quarter financial results on Thursday, August 3, 2017 at 5:00 pm ET.

NORCROSS, Ga.--(BUSINESS WIRE)--May 19, 2017-- FLEETCOR Technologies, Inc. (NYSE:FLT) today announced that the Company will present at the J.P. Morgan 45th Annual Technology, Media and Telecom Conference on Wednesday, May 24, 2017 at The Westin Copley Place in Boston, Mass.

NORCROSS, Ga.--(BUSINESS WIRE)--Jun. 13, 2017-- FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global provider of fuel cards and workforce payment solutions, today announced its debut on the Fortune 1000, the annual ranking by Fortune Magazine of the 1,000 largest U.S. companies, listed in order of reported revenue.

FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global provider of commercial payment solutions, announced today the signing of an agreement with Wal-Mart Stores, Inc. (NYSE:WMT) relating to two payment initiatives.

NORCROSS, Ga.--(BUSINESS WIRE)--May 31, 2017-- FLEETCOR Technologies, Inc.(NYSE:FLT) today announced that Ashley Thekkekara has been named head of the Company’s newly created North America local fuel card business effective July 1, 2017.